The Gulf Cooperation Council (GCC) said Thursday that any future regional understandings or arrangements must incorporate the security requirements of Gulf states and safeguard their interests.
Donald Trump has suggested that Persian Gulf states might be obliged to pay the US for using the Strait of Hormuz as compensation for Washington's role in their security.
55 ships crossed the Strait in the past 24 hours, 17 mln tons of oil exported from the Persian Gulf
Russia said it is lifting its advisory urging citizens to avoid travel to Gulf countries, following a U.S.-Iran memorandum of understanding aimed at ending military conflict and de-escalating tensions in the region.
Qatar is beginning to bring some of its liquefied natural gas tankers back to the Middle East, as the major supplier prepares to ramp-up exports once the Strait of Hormuz reopens following a US-Iran deal, Bloomberg reported.
Iranian Ambassador to Georgia Seyed Ali Moujani has suggested that, with shipping through the Strait of Hormuz halted, developing new transport corridors — potentially passing through Georgian territory — has become critically important.
The US may completely close several bases in the region rather than rebuild them
Tehran is expanding its control over the Persian Gulf and the Strait of Hormuz through the creation of administrative and economic structures.
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic, Financial Times reported, citing sources.
Many EU countries have supported a Saudi initiative to conclude a non-aggression pact between Iran and other Middle Eastern nations, viewing the proposal as the best way to prevent future conflicts in the region.
Safe navigation in the Strait of Hormuz is under threat due to the US’ and its allies’ violation of the ceasefire and the introduction of a maritime blockade of Iran, Parliament Speaker Mohammad Bagher Ghalibaf said.
U.S. President Donald Trump has declared he believes oil prices will drop “very rapidly” once the conflict with Iran is over.
The U.S. military has redirected 50 merchant ships since the establishment of the naval blockade of Iran on April 13, the Central Command of the US Armed Forces (CENTCOM) said.
Russian Foreign Minister Sergey Lavrov and Egyptian Foreign Minister Badr Abdelatty discussed the situation in the Middle East in a telephone conversation on Monday, the Russian Foreign Ministry said.
Iran’s Islamic Revolutionary Guard Corps (IRGC) announced “new rules” over the country’s coastline in the Gulf and the Strait of Hormuz.
Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi said that GCC states have rejected Iran's illegal measures to close the Strait of Hormuz and obstruct navigation through the waterway.
A tanker carrying liquefied natural gas (LNG) has traversed the Strait of Hormuz to exit the Persian Gulf for the first time since the start of the conflict between the U.S. and Iran, Bloomberg reported.
Iran’s Islamic Revolutionary Guard Corps (IRGC) is prepared to damage undersea internet cables lying on the seabed of the Strait of Hormuz, a move that could trigger severe economic consequences for the countries of the Middle East.
The Pentagon is considering an operation in the Strait of Hormuz. The US intends to destroy Iranian military vessels and eliminate the threat from the shore.
The integration of the Persian Gulf region with the Middle Corridor may become one of the defining trade routes of the future, according to Azerbaijan Railways (ADY), Deputy Head of the Marketing Department at ADY Ziya Mammadov said.
